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St. Louis Federal Reserve President James Bullard said Wednesday that inflation continues to run on the low side, but that doesn't mean excessive inflation couldn't return in the future.
Despite broad concerns over the effect of the Fed's $85-billion-per-month bond-buying program, so far inflation has not materialized.
I submit that the Central Banks along with governments are in active collusion to keep the worker class from realizing that "the building is on fire" so to speak. Keep the workers in their place, maintain the status qua, nothing to see here. They will keep this up until the end.
Originally posted by Cauliflower
Many of the core commodity indices that can easily be tracked seem to indicate continued low inflation E.G. grains, pork bellies etc.
Recently I was shopping for tools to fix up the new man cave and suffered a little sticker shock.
Shopping around a little made a huge difference though.
Its like there is stuff with this new sky high suggested retail price competing with heavily discounted overstock.
What we are feeling as inflation may just be a reduction in some of the recession era price dumping deals?
this morning's Liesman-led cognitive dissonance at the PPI was smashed from the government's Matrix by Rick Santelli's frustration spilling over.
With a Fed increasingly forced to Taper - under the cover of a supposedly improving economy - the disinflation was suggested as a reason the Fed might use to keep the punchbowl there for longer...
Santelli was not amused by this perpetual put... questioning whether the governments approach to inflation is a way to "fudge the numbers." Liesman defense of the status quo is predictable to which Santelli barks, "Listen, I don't believe the government's calculations. There, I said it... I don't have better numbers; I have common sense;" adding that (just as we noted here with energy and real expenses) that "there's a difference between real life and the government."